Polytec gets approval for Pearl Horizon project

2013-6-27

From：Macau Business

The government has approved an amendment to the land grant for the plot where the high-end Pearl Horizon flats are under construction in the northern district.

According to yesterday’s official gazette, Fok Kiu – Properties Investment Ltd, a Macau-registered indirect subsidiary of Polytec Asset Holdings Ltd, has been granted approval to build six towers of 49 storeys, our sister publication Business Dailyreports.

Fok Kiu will pay a premium of more than MOP78 million (US$9.76 million) to the government for the land grant revision.

Polytec expects its two ongoing projects, branded as Pearl Horizon, to be ready by late 2015 or early 2016.

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